Post Tagged with: "renewable energy"

Source: Reuters

BP wipes up to $17.5 billion from assets with bleaker oil outlook

Reuters


LONDON  – BP (BP.L) will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy …

Source: Reuters

Exclusive: Oil major BP to cut 15% of workforce

Reuters


LONDON – BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the oil and gas major to renewable energy, it said on Monday.…

Source: CNBC

Hydrogen trains could be on their way to Italy after major firms seal five-year agreement

CNBC


Transport manufacturer Alstom and energy infrastructure firm Snam are to collaborate on the development of hydrogen trains in Italy, the latest example of work being undertaken to integrate the technology into mass-transit systems.

In an announcement Thursday the firms …

Source: CNBC

Helping China cut carbon emissions isn’t a financial game every business can play

CNBC


BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught in a business cycle that shows how difficult it can be for stimulus …

Source: CNBC

The world’s ‘largest all electric commercial aircraft’ completes its first flight

CNBC


The planet’s “largest all electric commercial aircraft” has completed its maiden flight, the latest example of a zero-emission form of transport taking to the skies.

The Cessna 208B Grand Caravan took off from an airport in Moses Lake, Washington, …

Source: CNBC

Details released of a huge offshore wind turbine that can power 18,000 homes per year

CNBC


Siemens Gamesa Renewable Energy (SGRE) has released details of a 14-megawatt (MW) offshore wind turbine, in the latest example of how technology in the sector is increasing in scale.

With 108-meter-long blades and a rotor diameter of 222 meters, …

Source: Reuters

Coronavirus widens climate rift between European and U.S. oil majors

Reuters


LONDON – Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel …

America’s ‘clean energy’ workforce projected to fall by 15% in months ahead

America’s ‘clean energy’ workforce projected to fall by 15% in months ahead

CNBC


Over 106,000 people working in the U.S. “clean energy” sector lost their jobs in March as the industry struggled to soften the impact of the coronavirus pandemic, it was claimed Wednesday.

The analysis of Department of Labor data, released …

Source: Reuters

Equinor powers ahead with floating wind turbines despite oil crash

Reuters


OSLO – Norway approved on Wednesday Equinor’s 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, the energy ministry said.

The long-planned project is …

Source: CNBC

The coronavirus is hitting renewable energy supply chains and factories, and could slow the global energy transition

CNBC


Global renewable energy capacity hit 2,537 gigawatts (GW) at the end of last year, an increase of 176 GW compared to 2018, but the coronavirus continues to cast a shadow over the sector’s prospects for 2020, impacting both supply

How long will the slowdown in renewables last?

How long will the slowdown in renewables last?

GreenBiz


Oil & Gas 360 Editors Note: Trevor d’Olier-Lees writes an excellent article looking at the renewable market, and if a downturn is on the horizon.  The key take away’s from the article are surrounding the removal of tax incentives

TransAlta Renewables Reports Fourth Quarter and Full Year 2019 Results, Declares Dividends and Provides Outlook for 2020

TransAlta Renewables Reports Fourth Quarter and Full Year 2019 Results, Declares Dividends and Provides Outlook for 2020

TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) announced today solid financial results which were at the upper-end of its guidance for the three months and year ended December 31, 2019, along with its 2020 outlook.

Source: usatoday.com

Wind has become the ‘most-used’ source of renewable electricity generation in the US

CNBC


Last year saw wind generation in the U.S. overtake hydroelectric generation for the first time, according to data from the U.S. Energy Information Administration (EIA).

Released Wednesday, the figures from the EIA’s “Electric Power Monthly” report show that yearly …

February 27, 2020 - 12:00 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

BP to quit main U.S. refining lobby over carbon policy

Reuters


LONDON – BP (BP.L) will leave the main U.S. refining lobby and two other trade groups as new Chief Executive Bernard Looney spurs some of the oil sector’s most ambitious targets for curbing carbon emissions.

BP said …

Rep. Bob Latta tours the AEP energy storage system in Bluffton on Wednesday morning. Latta serves on the U.S. House Committee on Energy and Commerce, specifically on the Energy Subcommittee, where he is focused a number of issues including how we can better work toward energy independence.

Congressman Latta visits Bluffton’s AEP grid battery system

Lima Ohio


BLUFFTON — Congressman Bob Latta said Tuesday while touring an AEP storage system in Bluffton that energy storage technologies have the potential to increase the viability of renewable energy sources.

“It’s about looking at nuclear energy, clean coal …

Source: Houston Chronicle

Solar and wind power can’t compete with gas this cheap

Houston Chronicle


This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within …

Saudi Arabia joins club of Middle East’s ‘green energy’ leaders

Saudi Arabia joins club of Middle East’s ‘green energy’ leaders

Arab News


 

Key Points: Government plans to invest up to $50bn in renewable energy projects by 2023 – Demand for electricity in the Kingdom is forecast to rise by up to 120 GW by 2030

Saudi Arabia joins club of Middle East’s ‘green energy’ leaders - oilangas360

ABU DHABI: Saudi Arabia …

Source: Reuters

UAE to double renewable energy portfolio in next ten years: ADNOC

Reuters


ABU DHABI (Reuters) – The United Arab Emirates grew its renewable energy portfolio by more than 400% in the last 10 years, and is on track to double that again in the coming decade, Abu Dhabi National Oil Co. …

January 13, 2020 - 2:30 pm Closing Bell Story‎, Energy News, ESG, International
Source: Reuters

Shell to buy French floating wind farm specialist

Source: Reuters


LONDON (Reuters) – Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business.

EOLFI has largely focused on solar and wind projects, including offshore wind …

FILE PHOTO: General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain September 5, 2018. REUTERS/Phil Noble/File Photo

Reaping wind at sea could become $1 trillion industry: IEA

Reuters


Offshore wind could become a cornerstone of the world’s power supply as steep cost reductions and improved technology unleash the potential of the green energy source, said the International Energy Agency (IEA) on Friday.

Renewables replacing fossil fuel is …

October 25, 2019 - 8:59 am Closing Bell Story‎, Energy News, Renewable Energy
Source: Houston Chronicle/Billy Calzada

Wells Fargo inks solar deal with NRG

Source: Houston Chronicle


Wells Fargo, the San Francisco-based bank, negotiated a 10-year renewable energy deal with Reliant Energy, the retail electric provider owned by Houston and New Jersey based NRG Energy.

The agreement will provide about 62,000 megawatt hours of …

Solar expected to lead renewable development in next five years: study

Solar expected to lead renewable development in next five years: study

Source: Houston Chronicle


Global capacity of renewable power is expected to grow by 50 percent in the next five years, reflecting a surge in new solar energy systems on  commercial buildings, industrial sites and homes.

The Paris-based International Energy Agency …

Photo: Edyta Blaszczyk, AP

Big Oil’s renewable shift seen flooding shareholders with cash

Source: Houston Chronicle


Shareholders of global oil giants will be “drowned” in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy.

Majors such as …

First Big U.S. Offshore Wind Project Hits Snag Due to Fishing-Industry Concerns

First Big U.S. Offshore Wind Project Hits Snag Due to Fishing-Industry Concerns

From Reuters


Trump administration infighting is holding up approval of the first major U.S. offshore wind energy project, with agencies sparring over whether the proposal does enough to protect the fishing industry, according to interviews and agency documents.

The delays …

Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says

Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says

From CNBC


Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs.

Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas …

Source: Cheniere

America’s LNG Boom on a Collision Course with Global Climate Movement

From CNN Business/NBC2

America’s liquefied natural gas boom has a climate change problem, according to a report released on Monday.

The US energy industry is scrambling to build dozens of expensive export terminals that can be used to ship cheap …

Source: Razor Energy

Razor Energy Partners with Canadian Government, Alberta Innovates

By Tyler Losier, Energy Reporter, Oil & Gas 360

Geothermal power project gets $7 million contribution
Razor Energy Corp. (stock ticker: RZE), a Canadian oil and gas company based out of Calgary, has partnered with the Canadian government through Natural

EIA: Renewables Generated More Electricity Than Coal in April

EIA: Renewables Generated More Electricity Than Coal in April

By Tyler Losier, Energy Reporter, Oil & Gas 360

Renewables edge out coal for the first time in U.S. history
This April, for the first time in U.S. history, monthly electricity generation from renewable sources exceeded that of coal-fired means,

Source: Business Wire

Wells Fargo Leadership Transitions

Wells Fargo Renewable Energy Leadership Transitions

Source: EIA

Germany to Totally Exit Coal

By Tyler Losier, Energy Reporter, Oil & Gas 360

Proposal calls for the transition to occur by 2038
A government-appointed coal commission in Germany has laid the groundwork for a plan to phase out the use of coal completely by